Tax credit of 20% of mortgage interest paid, up to $2,000/year. Stackable with standard deduction.
Montana's Mortgage Credit Certificate provides an annual federal tax credit on mortgage interest paid. The credit stacks with MBOH's DPA programs for a combination of upfront assistance and ongoing tax savings.
Montana's unique housing challenges — extreme weather, remote communities, and limited inventory — make every form of financial assistance valuable. The MCC's annual credit helps offset the higher insurance and maintenance costs that come with Montana homeownership.
We'll show you how to combine Montana MCC with other programs to maximize your free money — personalized to your ZIP code and income.